CLARKSVILLE, Tenn. (CLARKSVILLENOW) – Clarksville was named one of the top cities in the country to invest in real estate in during the pandemic by an article in Fortune Magazine.
Clarksville ranked in at number ten on the list just below Fresno, California.
Fortune writer Lance Lambert says that the COVID-19 pandemic has brought drastic changes to the American real estate market.
“One theme quickly became clear: The coronavirus disruption created a new normal for real estate virtually overnight,” says Lambert in his article.
According to Fortune, Clarksville homes have a median listing price of $260,050 with an average home price to income ration of 6:5. Employment in high-risk for COVID-19 industries was measured at 16.5%.
The full rankings include:
- Austin, Texas
- Fayateville, North Carolina
- Fargo, North Dakota
- Columbus, Ohio
- Sioux Falls, South Dakota
- Killeen, Texas
- Manchester, Hew Hampshire
- Bakersfield, California
- Fresno, California
- Clarksville, Tennessee
Fortune’s article ranked the best and worst cities in the country to buy real estate during the COVID-19 pandemic. When making their choices, they considered home affordability, employment in high-risk industries (hospitality, tourism, etc), population age between 25 and 34, percentage of second homes according to the U.S. Census Bureau, the housing market’s realtor.com Hotness Score, page views per home listing and monthly change in home inventory according to realtor.com.
For the full Fortune article, click here.